Credit Suisse has awarded a contract to service
the loan portfolio of Park Motor Finance to Target Loan Servicing
(TLS). The Swiss investment bank remains owner of the Park
book.
the loan portfolio of Park Motor Finance to Target Loan Servicing
(TLS). The Swiss investment bank remains owner of the Park
book.
The contract means 50 jobs will be saved at
Park, a Newport-based subprime motor finance lender which closed to
new business in August 2008.
Park, a Newport-based subprime motor finance lender which closed to
new business in August 2008.
CEO of TLS, James Snow said: “We offer a highly
specialist service with an experienced team coupled with Target
Group’s market-leading loan management systems. This enables us to
be very good at realising the value of loan portfolios for our
clients.”
specialist service with an experienced team coupled with Target
Group’s market-leading loan management systems. This enables us to
be very good at realising the value of loan portfolios for our
clients.”
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